AUGUSTA, Maine — A financially strong 2006 has resulted in Maine State Credit Union issuing a bonus dividend to its members.
The $200 million credit union awarded a bonus divided to its members, who received their portion of a nearly $500,000 dividend in their prime share accounts on Jan. 26. The first bonus dividend was equivalent to 6% of the total interest earned in 2006 on the prime share and all associated deposit trailers, including individual retirement accounts. The second bonus dividend was equivalent to 3% of all interest paid on any loan in 2006, excluding Visa credit card loans and student loans.
Maine State CU serves more than 20,720 members.
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